Petroleum Industry – InfoStride News

Reps affirm PIA has attracted $16bn in oil sector investments

Temitope Nlewemchi — Tue, 15 Jul 2025 09:28:35 +0000

Nigeria’s oil and gas sector has received a significant boost, as lawmakers disclosed that the Petroleum Industry Act (PIA) has attracted over $16 billion in investment commitments within two years of its enactment. This development marks a major turnaround for the nation’s energy industry, which had previously struggled to draw substantial foreign capital due to [...]

Source from InfoStride News

Rethinking Nigeria’s Oil and Gas Governance for National Development

Adewale A. — Sat, 20 Jul 2024 09:19:45 +0000

Nigeria stands at a critical juncture in its economic history. As the largest oil and gas producer in sub-Saharan Africa, with estimated reserves of 37 billion barrels of oil and 188 trillion cubic feet of gas, the country’s petroleum industry forms the backbone of its economy. It contributes approximately 90% of Nigeria’s foreign exchange earnings [...]

Source from InfoStride News

PIGB Conference Report: We Have Shown Our Seriousness – Saraki

Ade Adewale — Thu, 29 Mar 2018 14:35:24 +0000

The President of the Nigerian Senate, Dr. Abubakar Bukola Saraki on Wednesday, 28th March 2018 commended his colleagues in the 8th National Assembly for the passage of the Conference Committee Report of the Petroleum Industry Governance Bill (PIGB). Speaking after its passage, the President of the Senate said” “The challenge will and has always been on [...]

Source from InfoStride News